Jiayin Group (NASDAQ:JFIN) Shares Down 3.1% – Here’s Why

Shares of Jiayin Group Inc. (NASDAQ:JFIN) were down 3.1% during mid-day trading on Wednesday . The company traded as low as $13.37 and last traded at $13.13. Approximately 7,730 shares traded hands during trading, a decline of 92% from the average daily volume of 99,382 shares. The stock had previously closed at $13.55.

Jiayin Group Trading Up 3.7 %

The stock has a market cap of $754.54 million, a price-to-earnings ratio of 4.69 and a beta of 0.78. The company has a 50 day simple moving average of $10.10 and a 200-day simple moving average of $7.86.

Jiayin Group (NASDAQ:JFIN) last released its earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%. The firm had revenue of $192.42 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JFIN. XTX Topco Ltd bought a new stake in Jiayin Group during the 4th quarter worth about $109,000. Renaissance Technologies LLC increased its position in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after acquiring an additional 1,799 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Jiayin Group in the fourth quarter valued at about $174,000. Institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.